“NO” ON CLOTURE FOR DEBT LIMIT INCREASE
The Club for Growth opposes the cloture vote on the Schumer/McConnell Debt Limit agreement, and urges all Senators to vote NO on cloture. A cloture vote is likely to occur soon in the Senate. The results of this vote will be included in the Club for Growth Foundation’s 2021 congressional scorecard.
The Schumer/McConnell $480,000,000,000 debt limit agreement does nothing to reform out-of-control spending in Washington. Instead, this agreement merely punts the decision back a couple months, backed up against another December deadline for more crisis-legislating. Treasury’s borrowing limit is projected to expire under the Schumer/McConnell agreement around December 3rd, 2021. Some Senators may want to vote for the agreement before they vote against it by voting for cloture and against final passage. This is a Washington-process known as the John Kerry rule, and the tactic should be opposed by Senators.
Lawmakers must finally come to terms with the fact their out-of-control spending habits jeopardize the future of the U.S. economy, as well as our national security. And in recognizing these threats, Congress should enact spending restraint that ends deficit spending and fosters economic growth through productivity, prosperity, and economic freedom. America desperately needs a Balanced Budget Amendment to the Constitution to prevent politicians from committing intergenerational theft.
Club for Growth Foundation’s Congressional Scorecard for the 117th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to the public.